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Passage of 2016 Budget Now Thursday

The 2016 budget will not be passed Thursday as promised by the National Assembly, it was learnt Wednesday. Rather, the fiscal document will be laid on the floors of the Senate and the House of Representatives by the Appropriation Committees of the two chambers. The Appropriation...

Senate Approves N108 billion to Assist IDPs

The Senate has asked its Appropriations Committee to approve N108 billion under the service wide votes for the relocation and resettlement of citizens who had been displaced by Boko Haram insurgency in the North East region. Following a string of military successes against the insurgents...

Senate, House Pledge 2016 budget passage in 2 weeks

The National Assembly has assured that the 2016 Appropriation bill will be passed on March 17. The chairmen of the Senate and House of Representatives Committees on Appropriations, Danjuma Goje and Jibrin Abdulmumin, made the disclosure during a joint press briefing on Wednesday. The passage of...

Budget: Senate Uncovers N5bn shortfall for Meal Subsidy

THE Senate yesterday uncovered N5 billion shortfall in the amount allocated as meal subsidy for Unity Schools across the country as well as personnel cost of Kings College in the 2016 budget proposal submitted by President Muhammadu Buhari. According to the Senate, only N6.8 billion...

Senate Cuts Down N7.6bn TSA Charges to N656.5m

The Senate has slashed the N7.6 billion accrued charges to Systemspecs, commercial banks and Central Bank of Nigeria (CBN) from transfers to treasury single account (TSA) by government agencies to a meagre sum of N656.504 million. It also ordered the CBN to terminate the one...